Nifty breaches 7,700 mark, Sensex at new high on fund inflows

Mumbai: The NSE index Nifty on Wednesday crossed the 7,700 level for the first time and the BSE Sensex hit yet another record high of 25,735.87 led by a rally in IT, auto banking and pharma stocks on sustained inflow of foreign capital.

The 50-issue Nifty crossed the 7,700 level for the first time by gaining 43.65 points, or 0.57 percent, to trade at an all-time high of 7,700.05, surpassing its previous intra-day high of 7,683.20 touched on Wednesday.

Brokers said sentiment was upbeat on sustained capital inflows and widespread buying by retail investors after the new government unveiled its agenda for economic reforms.